Does an account closed by the Issuer always hurt your credit score?
If you could spend small amounts on your card (e.g. $20) and the
If you could spend small amounts on your card (e.g. $20) and then pay it off consistently then it would affect your scores positively. It may have increased your scores. But since you've been sitting idle on a zero-balance it might not be beneficial for your credit scores.
Hi! Welcome to the forums! It is irrelevant whether you closed t
Hi!
Welcome to the forums!
It is irrelevant whether you closed the account or your creditor. It will only be reported on your credit report as "closed by issuer/creditor". Closing an account may hurt your credit score under the following circumstances:
a) This is your last remaining credit card
b) You have still some balance in the account
c) It is an old account
Now that the account is closed, I don't think there is much you can do. However, you can ask them to remove the listing from your credit report.
Well, what I can tell you is that it hardly makes a difference w
Well, what I can tell you is that it hardly makes a difference whether it's you or the creditor who closes your card account. It will probably have the same impact on your score. I don't think anyone ever got their credit score increased by closing a card. These days it's quite common that a card account gets closed following inactivity.
Well, It was my last credit card. I do have some charge accoun
Well,
It was my last credit card. I do have some charge accounts, and other things that still open. Capital One pissed me off by adding an annual fee a month after i paid off my card balance, so I had canceled them. I was going to use this credit card, but didn't ever really need it for anything.
Anyhow, thanks for answering.